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Compute the ending inventory at September

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Question - Helen's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Helen's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Helen's uses a periodic inventory system.

Date Explanation. Units Unit Cost. Total Cost

Sept 1. Inventory. 26. $97. $2,522

Sept 12. Purchases. 45. 104. 4,680

Sept 19. Purchases. 20. 106. 2,120

Sept 26. Purchases. 50. 107. 5,350

Totals. 141 $14,672

Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

Reference no: EM132681589

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